Tagged: us

December 22, 2024 @ 4:56 pm By Omar Faridi  |  

Erratic and dramatic mortgage rate movements that heavily influenced the housing market in 2024 are destined to “play a major role” in the coming year, according to real estate firm Zillow‘s (Nasdaq: Z and ZG) latest market report. Zillow Chief Economist Skylar Olsen said: “There’s… Read More

December 19, 2024 @ 8:02 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) announced actions in order to protect consumers from “illegal” credit card practices and help people save money on interest and fees. In a circular to other law enforcement agencies, the CFPB warned that some credit card companies operating rewards… Read More

December 17, 2024 @ 5:47 pm By Omar Faridi  |  

Visa (NYSE: V) says that with Visa Direct, funds transferred to U.S. bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in… Read More

December 15, 2024 @ 6:12 pm By Omar Faridi  |  

Current, a consumer fintech banking platform transforming financial access for everyday Americans, announced steady growth in 2024 including an “over 90 percent increase in revenue.” Following this solid year, the company has secured $200 million in new capital to accelerate “growth and fast-track profitability in… Read More

December 15, 2024 @ 11:31 am By Omar Faridi  |  

Card Industry Professionals – the Grimsby-based card payment solutions provider – has been acquired by Shift4, a US-based firm that is a global enabler of payments and commerce-enabling technology, listed on the New York Stock Exchange (NYSE:FOUR). The deal provides an exit for Mercia Ventures,… Read More

December 13, 2024 @ 10:44 am By Omar Faridi  |  

The Bitcoin and crypto industry is now focused on blocking or preventing the re-nomination of  SEC Commissioner Caroline Crenshaw as the Senate Banking Committee prepares to vote on her appointment to another term at Wall Street’s main regulatory authority. Crenshaw, a Democrat, was appointed to the commission by President Donald… Read More

December 10, 2024 @ 6:09 am By Omar Faridi  |  

According to an update from BNY (NYSE: BK), as pensions become costly and difficult to manage, companies can de-risk their balance sheets by transferring them to insurers and pension acquirers. BNY noted that a new collaboration enables a seamless pension experience from administration to payments…. Read More

December 7, 2024 @ 2:22 pm By Omar Faridi  |  

At Plaid, they’re seeing a renewed interest in businesses expanding into Europe from the United States and from the US into Europe, as “demand for online finance continues to grow.” Nearly nine in ten consumers use fintech tools, according to Plaid’s The Fintech Effect report,… Read More

December 7, 2024 @ 2:16 pm By Omar Faridi  |  

Betterment at Work, a provider of modern, scalable 401(k)s for growing businesses, released the fourth installment of its annual survey on the state of retirement readiness and financial benefits across the U.S. workforce. Betterment’s 2024 Retirement Readiness Report, which examines data from 1,000 full-time U.S…. Read More

December 3, 2024 @ 9:45 pm By Omar Faridi  |  

Finfare Inc., a Fintech focused on expense management, is marking its three-years of business operations with a brand refresh and several industry updates/milestones. According to the update shared with CI, the brand revamp reflects the company’s evolution and its commitment to its mission to transform… Read More

November 26, 2024 @ 11:21 pm By Omar Faridi  |  

Thousands of Americans have reportedly seen their savings vanish following the Synapse fintech crisis. It’s now being reported that many Americans will most likely receive very little or nothing from their savings accounts that had been locked during the major collapse of fintech platform Synapse…. Read More

November 25, 2024 @ 10:17 pm By Omar Faridi  |  

Custodia Bank’s Board of Directors have reportedly voted this past week to further reduce operations and “preserve” capital in anticipation of “major” crypto policy reforms from the incoming administration in Washington, D.C. Custodia Bank noted that by taking this step ahead of the projected turn… Read More

November 25, 2024 @ 4:07 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced plans to launch the first cash-settled index options related to the price of spot Bitcoin beginning Monday, December 2. Listed and traded on Cboe Options Exchange, these options will reportedly be SEC-regulated… Read More

November 25, 2024 @ 9:47 am By Omar Faridi  |  

  The Securities and Exchange Commission (SEC) recently announced that it filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 billion in financial remedies, the highest amount in SEC history. The 583 enforcement actions are said to represent a significant… Read More

November 25, 2024 @ 9:37 am By Omar Faridi  |  

MARA Holdings, Inc. (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, announced the closing on November 20, 2024 of its offering of 0.00% convertible senior notes due 2030. Mara Holdings confirmed in the update that it has… Read More

November 23, 2024 @ 5:53 pm By Omar Faridi  |  

The Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee, sponsored by Commissioner Caroline D. Pham, advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The GMAC’s Digital Asset Markets Subcommittee presented on the progress of its… Read More

November 23, 2024 @ 5:44 pm By Omar Faridi  |  

Research uncovered as part of the eToro’s Retail Investor Beat, which was conducted by eToro with this edition supported through a partnership with Nasdaq, a source for financial, economic and alternative datasets, has revealed differences between US and UK retail investors when it comes “to… Read More

November 20, 2024 @ 7:45 am By Omar Faridi  |  

eToro, the trading and investing platform, announced that eToro USA Securities Inc. is operational in New York State, making the platform available for eligible investors nationwide. Retail investors in New York can now trade fractional stocks, exchange traded funds, and options on the eToro platform…. Read More

November 17, 2024 @ 6:07 pm By Omar Faridi  |  

Christian Catalini, co-founder and chief Strategy Officer at Lightspark and founder of MIT Cryptoeconomics Lab (he was also previously the Co-Creator of the failed Diem / Libra projects), has shared his perspective on the United States debt, the proposal for a Bitcoin strategic reserve, and the calls to replace the current chair… Read More

November 11, 2024 @ 2:36 pm By Omar Faridi  |  

With Trump’s re-election confirmed, the Republican party winning the Senate, and the House of Representatives edging closer to a Republican majority, investment platform Saxo interviewed Trump’s former Director of Communications and SkyBridge Capital founder Anthony Scaramucci on Monday, November 11th. Anthony Scaramucci is an American financier who briefly served as the White… Read More